Sorry I promised not to comment before the quarterly but just cannot help myself , just once .
A while back I was trying to get my point accross there was irrational exuberance around the stock and it needed to meet some milestones before people got so excited , and sugggested I envisaged a CR , and that forecsasts would notbe met , and as such the SP would pull back , despite my screams for anyone that agreed , all I got was criticism from those with different opinions imo exuberantly intoxicated with the blue sky MHM does have ....
The opposite appears to be occuring now , the long term holders are becoming less hopeful of $2 parties in the coming weeks or anticpating profits of magnitude to be forthcoming tomorrow , as such as one of few contrarians in the stock it is my opinion the stock could be getting cheap again , not ready to load up yet , but if my prediction is right , the quarterly will shake a few more sellers out and the CR may either be hinted at or completely discarded by the management and at such time , it is my view the stock will bounce
I think the CR price if it does occur is likely to be mid 60s , however if management can pull a rabbit out of the hat and get debt funding the SP will rally very quickly .
Just an opinion buy when everyone is selling and sell when everybody says to buy .
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Last
46.0¢ |
Change
0.015(3.37%) |
Mkt cap ! $194.0M |
Open | High | Low | Value | Volume |
45.0¢ | 46.5¢ | 44.5¢ | $580.6K | 1.274M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 11672 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 16173 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 11672 | 0.455 |
5 | 75758 | 0.450 |
1 | 20000 | 0.440 |
1 | 10000 | 0.435 |
1 | 1550 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 16173 | 1 |
0.470 | 80000 | 1 |
0.475 | 50000 | 1 |
0.480 | 117467 | 3 |
0.485 | 102970 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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